Oclaro Issues Statement Regarding U.S. Department of Commerce Ruling on ZTE

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Needham & Company Reiterates Buy on Oclaro (OCLR) Despite ZTE 'Debacle'

March 9, 2016 7:32 AM EST

Needham & Company reiterated a Buy rating and $5.00 price target on Oclaro (NASDAQ: OCLR) as shares dip following recent ZTE "debacle". Based on the Oclaro comment that the ZTE business was running at over 10% of demand, Needham thinks in order to stay within the guidance band strongly implies... More